The Chinese government has warned employers to stop expecting employees to work extremely long hours.On Aug. 27, China’s Supreme People’s Court and the Ministry of Human Resources and Social Security jointly confirmed that employers cannot require employees to work “9-9-6″—the name for a common practice of working from 9 a.m. to 9 p.m. six days…
A multimillion-dollar bat coronavirus research grant, funded by the National Institutes of Health (NIH), was made public last week, revealing that researchers based in Wuhan, China had manipulated coronaviruses in ways that led to increased severity of infection, employing platforms that tested the ability of bat coronaviruses to use human receptors.The grant documents underscore the…
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Evergrande, a Chinese property giant nursing more than $300 billion in debt, remains on the brink of default — sending global equities tumbling Monday as investors, who had previously ignored the situation, sat up and took notice.Fears of a bursting property bubble have long been a concern for investors when it comes to China. A…
China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande.The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse…
18 September 2021Author: Christian Bachheimer, SOASChina’s growing influence on ASEAN affairs has featured increasingly in international news. The dominant narrative is that China is deploying a mercantilist strategy to drive ASEAN acquiescence to matters of diplomatic importance for China, forcing ASEAN states to choose between China and the United States. But ASEAN’s trade in goods…
Australia has been thrust into the limelight after signing a trilateral defence partnership with the US and the UK that is set to provide its navy with nuclear-propelled submarines.But the intention behind Aukus goes far beyond those submarines and Australia. The new pact is an essential building block in Washington’s attempts to prevent China from…
image source, Getty Images image captionChina is the world’s largest emitter of greenhouse gasesChina will be urged at the UN next week to speed up the timetable for curbing its planet-heating carbon emissions.It will be nudged by the UK Prime Minister Boris Johnson, who’s experiencing climate pressure himself from activists blocking motorways.But is the UK,…
Chinese companies have just endured a summer characterized by a “storm of regulation,” leaving their share prices facing a lot more uncertainty. Volatility surged, and many investors got their fingers burnt. Some cried foul, and some called for more predictability in decision-making regarding capital market regulations.”Policies just came out without any warning, and far exceeded…
Credit: DepositphotosChinese leader Xi Jinping has declared war on rich capitalists in a program grandly titled “common prosperity.” Given the challenges of China’s economy, he is going to have a tough time getting it off the ground.The leadership in Beijing is attacking large companies but lacks the power or interest to alter the country’s underlying…
